Ripple Foods was founded in 2014 by Adam Lowry and Neil Renninger. The company has not publicly endorsed plans to participate in an IPO. However, in 2020 the company expanded its leadership team to include David Cooper, an experienced CFO who has taken six companies public to date.
Ripple Foods offers plant-based alternatives to dairy products. The company uses pea protein to create milk, half & half, protein shakes, and more. Ripple claims that their milk has half the sugar of dairy milk, and 50% more calcium. The company has raised more than $250 million in venture capital funding from investors including Rage Capital, Ajax Strategies, S2G Ventures, GV, Euclidean, and Tao Capital Partners. The company did not disclose valuation figures following a $60 million fundraise in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Ripple Foods is a privately held company and is not publicly traded, therefore investing in Ripple Foods pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
Can you sell shares of Ripple Foods before it goes public?
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What is the pre-IPO value of my Ripple Foods shares?
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Is Ripple Foods a publicly traded company?
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To learn more about Ripple Foods potential IPO
Will Ripple Foods go IPO?
Ripple Foods has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.
What is Ripple Foods’ IPO price?
The Ripple Foods IPO price does not exist at this time, as Ripple Foods is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Ripple Foods register for Forge Markets, today.
When was Ripple Foods founded?
Ripple Foods was founded in 2014.
What is Ripple Foods funding to date?
Ripple Foods has raised $439.9MM to date.
Who are Ripple Foods’s major investors?
Khosla Ventures
GV
Tao Capital Partners
The Goldman Sachs Group
Euclidean Capital
OurCrowd
Collaborative Fund
Evolution VC Partners
Ajax Strategies
Ripple Foods Funding Rounds and Valuation
Funding History Chart
Funding Round Details
Funding Date
Share Class
Amount Raised
Price per Share
Post-Money Valuation
Key Investors
02/21/2023
Series F-3
$15.95MM
$xx.xx
$110.91MM
Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
17,937,575
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
02/21/2023
Series F-2
$8.12MM
$xx.xx
$110.91MM
Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
9,128,915
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
02/21/2023
Series F-1
$25.18MM
$xx.xx
$110.91MM
Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
28,309,275
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
09/21/2021
Series E1
$19.15MM
$xx.xx
$375.12MM
Rage Capital, Ajax Strategies, S2G Ventures, OurCrowd, GV, Prelude Ventures, Euclidean Capital, Fall Line Capital, Tao Capital Partners
Price per Share
$xx.xx
Shares Outstanding
4,610,978
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
4.7x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Rage Capital, Ajax Strategies, S2G Ventures, OurCrowd, GV, Prelude Ventures, Euclidean Capital, Fall Line Capital, Tao Capital Partners
10/22/2020
Series D1-2
$2.29MM
$xx.xx
$182.57MM
GV, Inventages Venture Capital, Prelude Ventures
Price per Share
$xx.xx
Shares Outstanding
1,500,677
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.7x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GV, Inventages Venture Capital, Prelude Ventures
10/22/2020
Series D1-1
$6.93MM
$xx.xx
$182.57MM
GV, Inventages Venture Capital, Prelude Ventures
Price per Share
$xx.xx
Shares Outstanding
5,674,747
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.4x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GV, Inventages Venture Capital, Prelude Ventures
01/29/2018
Series C1
$13.59MM
$xx.xx
$346.47MM
Euclidean Capital, Goldman Sachs, Fall Line Capital, GV, Prelude Ventures, S2G Ventures, Khosla Ventures
Price per Share
$xx.xx
Shares Outstanding
2,965,426
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
5.2x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Euclidean Capital, Goldman Sachs, Fall Line Capital, GV, Prelude Ventures, S2G Ventures, Khosla Ventures
07/07/2016
Series B1
$5.2MM
$xx.xx
$166.3MM
GV, Prelude Ventures, Tao Capital Partners, Tim Koogle, Khosla Ventures, S2g Ventures, Collaborative Fund, Blueberry Ventures, Seth Goldman, Radicle Impact
Price per Share
$xx.xx
Shares Outstanding
2,221,029
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
2.6x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GV, Prelude Ventures, Tao Capital Partners, Tim Koogle, Khosla Ventures, S2g Ventures, Collaborative Fund, Blueberry Ventures, Seth Goldman, Radicle Impact
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